Raiffeisen Bank International AG Invests $676,000 in HubSpot, Inc. (NYSE:HUBS)

Raiffeisen Bank International AG acquired a new position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 966 shares of the software maker's stock, valued at approximately $676,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Larson Financial Group LLC grew its holdings in HubSpot by 168.8% during the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker's stock worth $30,000 after acquiring an additional 27 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of HubSpot by 73.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker's stock valued at $31,000 after buying an additional 19 shares during the period. Coppell Advisory Solutions LLC increased its position in shares of HubSpot by 91.7% in the 4th quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker's stock valued at $32,000 after buying an additional 22 shares in the last quarter. Aster Capital Management DIFC Ltd increased its holdings in shares of HubSpot by 213.3% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker's stock worth $33,000 after acquiring an additional 32 shares in the last quarter. Finally, Bank of Jackson Hole Trust bought a new stake in HubSpot during the 4th quarter worth approximately $35,000. 90.39% of the stock is owned by institutional investors and hedge funds.

HubSpot Price Performance

HubSpot stock traded down $6.55 during trading hours on Tuesday, reaching $641.48. The stock had a trading volume of 546,838 shares, compared to its average volume of 623,165. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $881.13. The stock has a market cap of $33.76 billion, a PE ratio of 7,128.35, a PEG ratio of 41.44 and a beta of 1.78. The company has a fifty day simple moving average of $588.90 and a 200-day simple moving average of $672.51.

Insiders Place Their Bets

In related news, CEO Yamini Rangan sold 2,382 shares of the business's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $573.92, for a total value of $1,367,077.44. Following the completion of the sale, the chief executive officer now owns 72,373 shares of the company's stock, valued at approximately $41,536,312.16. The trade was a 3.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the firm's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $607.48, for a total value of $5,163,580.00. Following the completion of the transaction, the insider now owns 527,233 shares in the company, valued at approximately $320,283,502.84. This trade represents a 1.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,062 shares of company stock worth $11,516,757 in the last ninety days. 4.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

HUBS has been the topic of a number of recent research reports. William Blair reissued an "outperform" rating on shares of HubSpot in a research report on Thursday, February 13th. Truist Financial decreased their price target on shares of HubSpot from $900.00 to $720.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Royal Bank of Canada increased their price objective on HubSpot from $825.00 to $950.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Needham & Company LLC reiterated a "buy" rating and issued a $900.00 price target on shares of HubSpot in a research report on Friday, May 9th. Finally, Morgan Stanley upped their price objective on shares of HubSpot from $659.00 to $752.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Five investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $767.33.

About HubSpot

HubSpot, Inc, together with its subsidiaries, provides a cloud-based customer relationship management (CRM) platform for businesses in the Americas, Europe, and the Asia Pacific. The company's CRM platform includes Marketing Hub, a toolset for marketing automation and email, social media, SEO, and reporting and analytics; Sales Hub offers email templates and tracking, conversations and live chat, meeting and call scheduling, lead and website visit alerts, lead scoring, sales automation, pipeline management, quoting, forecasting, and reporting; Service Hub, a service software designed to help businesses manage, respond, and connect with customers; and Content Management Systems Hub enables businesses to create new and edit existing web content.